Food Lion 2009 Annual Report Download - page 151

Download and view the complete annual report

Please find page 151 of the 2009 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 163

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163

147
SUMMARY STATUTORY ACCOUNTS
OF DELHAIZE GROUP SA
HISTORICAL FINANCIAL OVERVIEW CERTIFICATION OF RESPONSIBLE
PERSONS
REPORT OF THE STATUTORY
AUDITOR
SUPPLEMENTARY INFORMATION
Report of the Statutory Auditor
On the consolidated financial statements for the year ended 31 December 2009
presented to the ordinary general meeting of Delhaize brothers and co “The Lion”
(Delhaize Group) SA
To the shareholders
As required by law and the company’s articles of association, we are pleased to report to you on the audit assignment which you have
entrusted to us. This report includes our opinion on the consolidated financial statements together with the required additional comment.
Unqualified audit opinion on the consolidated financial statements
We have audited the accompanying consolidated financial statements of Delhaize Brothers and Co “The Lion” (Delhaize Group) SA (“the com-
pany”) and its subsidiaries (jointly “the group”), prepared in accordance with International Financial Reporting Standards as adopted by the
European Union and with the legal and regulatory requirements applicable in Belgium. Those consolidated financial statements comprise
the consolidated balance sheet as at 31 December 2009, the consolidated income statement, the consolidated statement of comprehensive
income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, as well as the
summary of significant accounting policies and other explanatory notes. The consolidated balance sheet shows total assets of 9.748 Million
EUR and the consolidated income statement shows a consolidated profit (group share) for the year then ended of 514 Million EUR.
The board of directors of the company is responsible for the preparation of the consolidated financial statements. This responsibility includes
among other things: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of consolidated
financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting
policies, and making accounting estimates that are reasonable in the circumstances.
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accord-
ance with legal requirements and auditing standards applicable in Belgium, as issued by the “Institut des Réviseurs d’Entreprises/Instituut van
de Bedrijfsrevisoren”. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the consolidated
financial statements are free from material misstatement.
In accordance with these standards, we have performed procedures to obtain audit evidence about the amounts and disclosures in the con-
solidated financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstate-
ment of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, we have considered internal
control relevant to the group’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures
that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the group’s internal control.
We have assessed the basis of the accounting policies used, the reasonableness of accounting estimates made by the company and the
presentation of the consolidated financial statements, taken as a whole. Finally, the board of directors and responsible officers of the company
have replied to all our requests for explanations and information. We believe that the audit evidence we have obtained, provides a reasonable
basis for our opinion.
In our opinion, the consolidated financial statements give a true and fair view of the group’s financial position as of 31 December 2009, and
of its results and its cash flows for the year then ended, in accordance with International Financial Reporting Standards as adopted by the EU
and with the legal and regulatory requirements applicable in Belgium.
Additional comment
The preparation and the assessment of the information that should be included in the directors’ report on the consolidated financial statements
are the responsibility of the board of directors.
Our responsibility is to include in our report the following additional comment which does not change the scope of our audit opinion on the
consolidated financial statements:
The directors’ report on the consolidated financial statements includes the information required by law and is in agreement with the consoli-
dated financial statements. However, we are unable to express an opinion on the description of the principal risks and uncertainties confronting
the group, or on the status, future evolution, or significant influence of certain factors on its future development. We can, nevertheless, confirm
that the information given is not in obvious contradiction with any information obtained in the context of our appointment.
Diegem, 10 March 2010
The statutory auditor
DELOITTE Bedrijfsrevisoren / Reviseurs d’Entreprises
BV o.v.v.e. CVBA / SC s.f.d. SCRL
Represented by Philip Maeyaert